Managers

Pangaea raises $41.7 mln for fourth advanced-materials fund

Venture distributions jump in last year’s third quarter

Investors waking up to growing femtech potential

Pangaea raises $56 mln for fourth advanced-materials fund

Canadian venture capital firm Pangaea Ventures has raised about $56 million (US$41.72 million) for its fourth fund, PE Hub reported, citing a U.S. Securities and Exchange Commission filing. The report confirms one made by PE Hub Canada in January. Drawing on a Pangaea newsletter issued at the time, PE Hub Canada reported Pangaea Ventures Fund IV secured roughly half its $105 million (US$80 million) target in an initial close. The fund’s limited partners included major corporations based in North America, Europe and Asia.

Pangaea Ventures collects $41.72 mln for fourth fund

Vancouver, British Columbia and Hillsborough, New Jersey-based Pangaea Ventures has raised $41.72 million for its fourth fund, according to an SEC filing. No target was specified in the document.

Desrochers steps down as head of CalPERS PE program

Rosecliff Venture Partners seeks to raise $50 mln for sophomore fund

Rosecliff Venture Partners has raised $1.35 million for its second fund, according to an SEC filing. The target is $50 million.

Resolute Ventures collects $65 mln for fund

Resolute Ventures has raised $65 million for its third pre-seed and early seed fund, according to a blog post on its site. Resolute III's investors include Foundry Next, The Hillman Company, Medley Partners, Morgan Stanley, Top Tier Capital and Vintage Investment Partners.

Entrepreneur Russ Wilcox joins Pillar as a partner

83North wraps up oversubscribed fourth fund at $250 mln

83North, which invests in Israel and Europe, announced that it has closed an oversubscribed fourth fund at $250 million. The fund is 25 percent larger than Fund III, which closed in 2015.